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I mean... anyone with Canopy shares that plans on holding them long term, including their CEO's and workers, has a great deal by just buying ACRG. Then they'll end up with more Canopy whenever the conversion happens. So can't a lot of them be doing just that?
Missed their filing deadline again. What a joke
Anyone know when their next financials are to be released?
Does anyone know when the last Quarterly report should be out?
Just checking in with you all. I look at all of Future Farms buildouts and plans and keep wondering how their market cap keeps getting lower by the day. I feel like all this company needs to do is post good revs and have some good NRs and it could be popping but they seem to be super quiet... Last Q had over 1mil US with a market cap of less than 15mil. Another MJ company just posted 6.5mil rev with a 9b market cap. Wtf am I missing? Lol
Just checking back in with you guys. Glad you're all well. I was happy awsomesound is still here wasting his time lol
How's everyone been? Decided it was time to go back in long. In WEED from 38.81... was not expecting a day like today after all the great news yesterday but the market is sure shook right now.
Any other patients realize Canopy raised the prices on all medical strains? I thought they were absorbing the excise tax... raising all the prices kindof makes that obsolete. Even bakerstreet is now 9$ a gram. On top of that all the good strains are now rec only strains... I love Canopy as a company but I am unimpressed with this. May be changing providers now which makes me a little sad
I'm a half-breed. Red beard. Half soul? LOL
So which is the right chart? One shows the SP should hit 39/40. Another says 43... Longer term entries I'm looking at the 200 day MA around 40.25, 40 psychological, 39 or (the slick blue line) and the gap fill at 34.15(if we somehow get there).
Your entry was a good one. 33.88USD was another daily gap that was looking to get filled.
Depends which ticker you'd be comparing to. During that time as well, the majority of market sentiment has changed from CAD to US (WEED TO CGC). Now the dominant volume comes from America, so they dictate the market cap more than Canadians IMO
It is indeed the exchange rate stoner. Also taking in the different holidays for each country. In the past 2 years the US dollar has fluctuated between .68-.80. vs CAD
I just feel the whole DRE thing a couple months ago was not unintentional. DRE and Snoop are good buds and I can't see Canopy trying to patent out the branding rights to it without having talks in place and especially not a mistake of some lower level employee. Just an assumption.
This is something I'm surprised this boards not talking about. Any speculation as to what this is? I can't remember the last time they did a PR that was this vague and directed towards brand licensing rights other than the original Snoop one... so I'm speculating, and again this is all speculation, that it's to do with Chronic by Dre or CBD.r.e something along those lines.
CANOPY GROWTH, WHO JUST SURPASSED 1MILLION MEDICAL SALES IN ITS ENTIRETY SINCE 2015, LOOKS TO DO 1MILLION SALES IN 4 WEEKS OF REC.
Canopys total revenue dating back through all the fiscal years is 137million. And that doesn't include the latest Q which passed the 1million sales milestone.
Obviously rec sales may be different number due to order size but even if it's half, that's a lot of money in 1month.
https://www.bloomberg.com/news/articles/2018-10-26/marijuana-shortages-abound-in-canada-amid-licensing-rigmarole
Nowwhat, have you look at S&P500 Futures... looks grim atm
We're in for a rough ride here guys. The overall market is not looking too good going into tomorrow. Keep some cash on hand because I think we will be able to load up even cheaper soon! I still hold some shares that I sold at 71 and rebought at 60, but have some cash on the side just in case. Good luck!
I wanna say thank you to all the OGs of this board. I know I didn't comment for a couple years and just observed but I learned a lot from this iHub community and am forever grateful. Last week I cashed out of most of my Canopy from 3.04CAD - 71ish. On Friday I bought back in at 60.31. Time for a vacation.
Yeah they did. They still have some supply left though. All the other bed strains suck but the signature bedrocan strain is legit. Just ordered more today lol
Darius, if they still somehow have it for Rec. Get some Bedrocan before its gone. Its Jack Herer.
Yeah, I've seen most provinces online retail will be controlled by gov't but they still haven't released the physical websites that people will order off. Seems strange.
DBrown I'm not a twitter guy, but I was wondering if you could message Deepak or someone in the know asking what and when the govt. retail sites will be released. A lot of people keep asking me where are they ordering their weed from come Oct 17th. It's odd we haven't had any province let us know yet. Definitely a catalyst that is for sure coming any day I would assume. Then everyone will have the "oh chit this is real moment". Thanks buddy!
I have to ask, since you're a charting guy, why don't you chart CGC instead? It has 3x the volume on the regular now and I find the trend lines, supports and resistances way more dependable. Also has premarket and afterhours action. I don't even hold CGC shares, I hold WEED. But I rely on CGC. Food for thought.
Order # 997163
Wo I'm in. I will place 2 Canopy orders tomorrow and try and nail it! Haha
Are you 2 different people?
Order #986944
Thanks for the headsup Darius. I went in hard on Martello yesterday. May sell the initial investment and let the rest ride long.
As far as WEED. 56, 53, and 50 are our supports for now. This retrace was needed and is completely healthy. I'd rather have this happen then having us ryn all the way for another month then drop dramatically.
Today, I was thinking back to 2 years ago when we hit 17 then tanked afterward. At that point someone said, "17 is gonna look like a little blip on the chart in a few years". Had a good chuckle when I looked today.
Did greengold say 67US or CAD?
I'm eyeing a .34-.35 level (Canadian). Can't run 150% in a couple weeks without decent pullback. Still looks like we broke the downward trend and are now bullish
Personally, I don't think fully exiting longer or hefty positions is worth it here. Unless you're day trading / swinging, it seems odd to sell a large, longer position prior to October 17th.
Account sitting at 420k right now... lol
Not gonna lie I definitely bought my 10% of shares yesterday after I saw it break 56... I still would really like this thing to consolidate before the big run, though. Don't want people getting burned.
I took 10% off the table today. I believe we will have an unreal run into legalization, but we need to consolidate a little. Still 2 months away and I didn't do it last time we ran this hard... But I'm ok if it keeps going too :)
Anyone thinking about AusCann? Picked up another 5000 shares last night. Trying to hunt down the possible acquirees.
Sunniva may be a good target. I believe the market thinks they'll be acquired because of Bruce's statement about having a "humungous" greenhouse ready to be bought for Canopy in the US when time comes. That would explain the insane run up for then today.. I'm unconvinced that it will be them, though. I'd assumed it'd be SunSelect.
Anyone have any more info on health canada apparently not pushing through anymore more sales licenses on 2nd sites until 2020? Seems really odd... if BC Tweed, as well as others like APH diamond, doesn't get sales then the supply shortage will be insane. Black market will still thrive for a bit longer...
Source; @trinafraser